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Mar 21, 2013
03/13
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this is a tax that taxes innovation, increases health care costs and also is a tax that kills good-paying american jobs. finally, we want the new medical devices to be developed here in this country. we don't want them to be developed in europe because of an onerous tax. what we're going to see is that americans are going to have less access to the very new and best products because it's going to become too costly in this country for new companies to develop those products and for start-ups. and at the end of the day it will be sad for americans. so i would urge my colleagues to support senator hatch's amendment and again thank him for his leadership. thank you, mr. president. the presiding officer: who yields time? mr. sessions: mr. president? the presiding officer: the senator from alabama. mr. sessions: mr. president, i think we had a confusion on the time here. i had reserved ten minutes. i had 17 under the motion. and i think there's been a confusion about it. what is the status of the time? i would ask that i be allowed to have ten minutes. the presiding officer: the time until 8:10
this is a tax that taxes innovation, increases health care costs and also is a tax that kills good-paying american jobs. finally, we want the new medical devices to be developed here in this country. we don't want them to be developed in europe because of an onerous tax. what we're going to see is that americans are going to have less access to the very new and best products because it's going to become too costly in this country for new companies to develop those products and for start-ups....
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Mar 21, 2013
03/13
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of course we have to pay taxes. this is not about paying taxes or not paying taxes. this is about the fact that there's only so much money in the world. and every penny that the government takes in taxes is money that's not available to invest in a private business. every time you take a tax, what you're doing, you're taking money out of the economy. you have to do that up to some point because we need a government. but if you do too much of it, then there's not enough money for people to spend at your business. if someone's paying more in taxes, that means they have less money to spend where you work, which means you're going to make less money in tips or in salary or may even cost you your job if taxes are too high. and i'm telling you, we focus on federal taxes here, but these -- these aren't the only taxes people pay. depending on where you live, you are paying local and state and now federal taxes. you add those up and there are people in this country that are paying close to half the money they make in taxes. half the money they make in taxes. how's that good f
of course we have to pay taxes. this is not about paying taxes or not paying taxes. this is about the fact that there's only so much money in the world. and every penny that the government takes in taxes is money that's not available to invest in a private business. every time you take a tax, what you're doing, you're taking money out of the economy. you have to do that up to some point because we need a government. but if you do too much of it, then there's not enough money for people to spend...
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Mar 19, 2013
03/13
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tax reform to hide a tax increase and peer at ickley politicians in tax reform is that what they mean is they want to raise tax reform. there are two ways, raise the rates or broaden the base without bringing the rates down. no raising the rates and if you want to get reductions in credit that's great. bring the rates down dollar for dollar. that is what ryan does in the ryan plan is perfectly consistent. >> host: let's bring in chris from florida on the republican line. good morning chris. you were on with grover norquist. >> caller: thank you. thank you for c-span. mr. norquist, i think there is a big problem. perception is everything when it comes to marketing and it's the perception that the democrats are able to get across because the democrats, they know their audience and they know who their pandering to. and they treat them like stupid children. i will give you an example. you remember when the bush tax cuts first came out and tom daschle and dick gephardt were the minority leaders. they didn't have anything. they didn't have the house and they didn't have the senate or the wh
tax reform to hide a tax increase and peer at ickley politicians in tax reform is that what they mean is they want to raise tax reform. there are two ways, raise the rates or broaden the base without bringing the rates down. no raising the rates and if you want to get reductions in credit that's great. bring the rates down dollar for dollar. that is what ryan does in the ryan plan is perfectly consistent. >> host: let's bring in chris from florida on the republican line. good morning...
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Mar 21, 2013
03/13
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is a tax is a tax. if you tax something more, you get less of it. piling on new taxes is always bad for economic growth period. and yet out of washington comes yet another proposal for another tax. this one known as the marketplace fairness act but it is just a national internet sales tax. could even hit your itunes downloads later on. last night here on "the kudlow report," republican senator kelly ayotte spoke out against this bill. take a listen. >> i think we need to rename this legislative proposal for what it is because what it is is it's the internet tax collection act. for those who believe that this is some kind of conservative bill, this isn't my idea of conservative. this is not about small government, this is about forcing businesses in states like mine with no sales tax to become the tax collectors for the nation. >> there you go. well said, senator. i say this is a big government, unprecedented power grab. it's paving the way, by the way, to a national sales tax. i truly believe that. but
is a tax is a tax. if you tax something more, you get less of it. piling on new taxes is always bad for economic growth period. and yet out of washington comes yet another proposal for another tax. this one known as the marketplace fairness act but it is just a national internet sales tax. could even hit your itunes downloads later on. last night here on "the kudlow report," republican senator kelly ayotte spoke out against this bill. take a listen. >> i think we need to rename...
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Mar 20, 2013
03/13
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instead of raising taxes the house republican plan includes pro-growth, comprehensive tax reform, tax reform is critical to increasing u.s. competitiveness abroad as well as attracting business here at home. it will close loopholes and special interest deductions and credits for personal and corporate income taxes and lower the rates for everyone. i am pleased house republicans are the only people in this town with the courage to balance the budget. it's time to return the economy to an engine of growth and job creation and increased opportunities for all hardworking americans. this is what the house republican budget will achieve and this is what americans deserve. i yield back. the chair: the gentlelady yields back the balance of her time. the gentleman from maryland. mr. van hollen: thank you, mr. chairman. the way to save medicare is to bring down costs overall in the health care system, not give seniors a voucher that puts all the risk on the senior which is what the republican approach does. i now yield one minute to the gentleman from california, the distinguished ranking membe
instead of raising taxes the house republican plan includes pro-growth, comprehensive tax reform, tax reform is critical to increasing u.s. competitiveness abroad as well as attracting business here at home. it will close loopholes and special interest deductions and credits for personal and corporate income taxes and lower the rates for everyone. i am pleased house republicans are the only people in this town with the courage to balance the budget. it's time to return the economy to an engine...
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Mar 22, 2013
03/13
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it was all tax increases. $620 billion tax increase. and over the course of the president's first term, we got a trillion-dollar tax increase with obamacare. you add those things together with some other tack increases that have been added on, it's over $1.7 trillion in new taxes, new revenues, as they say. we want balance. you have $1.7 trillion in new revenue already. and then they are talking about another $1.5 trillion in taxes. really? i mean, where's the balance in that? this is all about raising taxes, growing government at the expense of the economy. and i would say to my colleague from alabama, we're going to vote on an amendment here pretty soon by the senator from new hampshire, senator ayotte, which says -- which raises a point of order against any tax increase that would occur until the unemployment rate gets back down to 5.5%, because 5.5% is what the administration said back in 2009, the president and the white house said would be the unemployment rate by now without the stimulus. and it's hard to feature that after spend
it was all tax increases. $620 billion tax increase. and over the course of the president's first term, we got a trillion-dollar tax increase with obamacare. you add those things together with some other tack increases that have been added on, it's over $1.7 trillion in new taxes, new revenues, as they say. we want balance. you have $1.7 trillion in new revenue already. and then they are talking about another $1.5 trillion in taxes. really? i mean, where's the balance in that? this is all about...
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Mar 22, 2013
03/13
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now, some have expired, but california, the taxes were replaced with other tax increases. and some states are now proposing brand new taxes on the wealthy. of course, that's on top of that new federal tax hike. in minnesota, democratic ledge slay churps are proposing a temporary tax on the top 1% of earners to pay down debt for schools. in rhode island, a proposal to raise the top rate to 7.99% from 5.99% to fund the state budget. and from washington state to maine, politicians are now talking increasingly about more fairness in the tax code. but maria, fairness may be going too far, even for liberal talk show hosts. here's what bill maher had to say last week on his hbo show. >> i just want to say, liberals, you could actually lose me. it's outrageous what we're paying. over -- i'm willing to pay my share, but yeah, it's ridiculous. >> yeah, maria, when bill maher is standing up for wealthy tax payers? >> wow. >> you know you've gone too far. >> knock me out. bill maher admits it. >> yeah. >> just -- so, highest earners, the federal at 39.6, you have new york at 9.8, you
now, some have expired, but california, the taxes were replaced with other tax increases. and some states are now proposing brand new taxes on the wealthy. of course, that's on top of that new federal tax hike. in minnesota, democratic ledge slay churps are proposing a temporary tax on the top 1% of earners to pay down debt for schools. in rhode island, a proposal to raise the top rate to 7.99% from 5.99% to fund the state budget. and from washington state to maine, politicians are now talking...
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Mar 22, 2013
03/13
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this said it will tax the rich and it trickles down to tax everybody. americans have begun to figure that out. cheryl: corporate tax rate. paul ryan 1725%. you think will happen? >> eventually will because it has to because the european average is 25%. or a 35%. obama has raised taxes on subchapter s companies that pay smaller firms and some bigger ones that. the individual rate up to 44%. europe said 25. we're 35 and 44. this is one of the reasons we're not as competitive. as a self-inflicted wound. cheryl: one of the big issues that we will talk about later on is the changes and obamacare affecting taxpayers for next year, 2013 return. i know paul ryan wants to repeal obamacare. that doesn't happen. do you think cut medicare tax, excise tax can be addressed? >> there will be efforts. the house representatives well. the democrats still run the senate. when people complain about congress not being able to do something, you have a republican house, which has passed budgets. past the ryan budget more than once and the democratic senate which until today h
this said it will tax the rich and it trickles down to tax everybody. americans have begun to figure that out. cheryl: corporate tax rate. paul ryan 1725%. you think will happen? >> eventually will because it has to because the european average is 25%. or a 35%. obama has raised taxes on subchapter s companies that pay smaller firms and some bigger ones that. the individual rate up to 44%. europe said 25. we're 35 and 44. this is one of the reasons we're not as competitive. as a...
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Mar 18, 2013
03/13
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tax pains. scott from the tax foundation is going to be joining me next as we kick off a week long series on what is sure to be painful. your tax appointment. we'll be right back. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. bottom of the hour, time for stocks now like every 15 minutes. nicole, you are watching jcpenney, stock is jumping, good news for a change for these guys. >> that's right. don't forget long term jcpenney has been under pressure the last 51 -- 52 weeks, we have -- up 9.5% at 1694 right now. a couple stories the the first is that isi is comments on jcpenney, and while they seem that they were moving forward some serious financial problems, isi had another option saying they should isolate the top 300 locations and convert them into an entity, and that is
tax pains. scott from the tax foundation is going to be joining me next as we kick off a week long series on what is sure to be painful. your tax appointment. we'll be right back. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. bottom of the hour, time for stocks now like...
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Mar 20, 2013
03/13
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all of this tax increase is thanks to 21 tax increases contained in obamacare. my guess is the majority doesn't want to take on that group. so number 2 -- that's tax-deferred retirement savings vehicles. it's defined benefit plans and section 401(k)-type plans. to be sure, some hiring-income taxpayers benefit. defined benefit plans tend to dominate in the unionized world. section 401(k)-type plans are more common now. some high-income taxpayers do benefit because they are owners of a business, and we want them to set up and maintain their plans. about 4% of this tax expenditures goes to taxpayers at $1 million or more income. number 3 on the list there, it's the preferential rate for capital gains and dividends. it is true that higher-income taxpayers tend to have more capital gains but a few montes ago, the rate rose 50%. do we want to choke off more savings and investment? number 4 -- that's the deduction for state and local income and real property taxes. "the new york times" editorial page is usually very in tune with the majority. an editorial december 6, 2
all of this tax increase is thanks to 21 tax increases contained in obamacare. my guess is the majority doesn't want to take on that group. so number 2 -- that's tax-deferred retirement savings vehicles. it's defined benefit plans and section 401(k)-type plans. to be sure, some hiring-income taxpayers benefit. defined benefit plans tend to dominate in the unionized world. section 401(k)-type plans are more common now. some high-income taxpayers do benefit because they are owners of a business,...
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Mar 18, 2013
03/13
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it is tax time. melissa: it is tax time. it is always tax time. lori: they're probably going up. the corporations are feeling the burden as you so eloquently explained to us and so are you the consumer, mom-and-pop. 6 trillion hours, that is how many hours americans will spend trying to comply with the tax code in an effort to file their individual returns. with four weeks to go until taxes are due, our own cheryl casone is looking at the tax pain in a special week-long series. the focus is how the wealthier handle filing fees. a lot more rules. >> who better to ask, right, what are wealthy americans doing? what are small businesses doing to combat with, not just filing in 2012, there will be a few changes but what will you do for 2013. how will you structure what you're paying and not paying now? what deductions are you looking at that will take effect next year that save you on the tax bill? that is crucial. we wanted to go to experts to find out what the wealthy are doing. we had scott hodge from the tax foundation, talking about this exact issue. one of the things in research
it is tax time. melissa: it is tax time. it is always tax time. lori: they're probably going up. the corporations are feeling the burden as you so eloquently explained to us and so are you the consumer, mom-and-pop. 6 trillion hours, that is how many hours americans will spend trying to comply with the tax code in an effort to file their individual returns. with four weeks to go until taxes are due, our own cheryl casone is looking at the tax pain in a special week-long series. the focus is how...
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Mar 20, 2013
03/13
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you do not pay tax. they have to have lawyers now, accountants and -- >> 9600 jurisdictions that they have to keep track of. and each one had that is a different set of rules and regulations. i hear the argument, it's not a big deal that someone will figure it out with software, it's not about the software, it's about compliance and aud auditing and small businesses spending time on paperwork instead of getting back to work. >> i feel it's a tax grab. what bothers me is you may favor that tax grab. that is my concern. can you dissuede me from that concern? >> i do not like this tax grab. states fund themselves with sales tax. it's the primary way that states generate, revenues for themselves. so we cannot take away the only way they generate revenue. >> some states. >> some, right, but maybe a better way to do it is to collect the tax in the state where the psmall business exist. >> how about that? >> that is what exists now, it's across state lines that we are talking about. >> go ahead. go ahead. pleas
you do not pay tax. they have to have lawyers now, accountants and -- >> 9600 jurisdictions that they have to keep track of. and each one had that is a different set of rules and regulations. i hear the argument, it's not a big deal that someone will figure it out with software, it's not about the software, it's about compliance and aud auditing and small businesses spending time on paperwork instead of getting back to work. >> i feel it's a tax grab. what bothers me is you may...
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Mar 23, 2013
03/13
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, you are paying this tax. this is just another thing for the little guy who's trying to get by. >> would make a difference if someone shot on amazon? two you you're getting away with something by getting it online. you tax the things you want to discourage. at a time when the economy is struggling? >> i agree 100% with you. there is no creativity at all. >> like the show even more all the time. [laughter] neil: thank you, guys. thank you very much. in the meantime, what is jimmy fallon getting that has a guy named mitch saying my goodness [inaudible] >> keep up the good work. >> thank you. neil: if jim fallon does get "the tonight show" and it does come to new york, the joke ultimately could be on businesses already in new york. because andrew cuomo's new budget would give this show a huge tax break for moving into the big apple. other companies are saying, hello, what about us, we have been struggling in the big apple and have not left the big apple. we have been supporting the big apple. why not give us a br
, you are paying this tax. this is just another thing for the little guy who's trying to get by. >> would make a difference if someone shot on amazon? two you you're getting away with something by getting it online. you tax the things you want to discourage. at a time when the economy is struggling? >> i agree 100% with you. there is no creativity at all. >> like the show even more all the time. [laughter] neil: thank you, guys. thank you very much. in the meantime, what is...
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Mar 23, 2013
03/13
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there is a payroll tax of .9% and investment tax 3.8% and excise tax of which there are 159 rules to spell out how that tax applies. can you imagine how this is going to be? this is nightmare. this is so the federal government can hire millions of people to make this legislation possible. it's idiotic. they should break it around started all over. >> eric: and remember when president clinton said that it would not add to the debt and now it's trillion dollars? >> it's amazing people hate so much of it. let's note the american people when asked about the specific provisions in the affordable care act actually like it. they like tax credits for small insurance and closing the medicare loopholes and 80% of like those things and less than 50% know they are in the bill. >> let's talk about why this is going to kick in. eric they purposely wrote this thing, once it is in all the crappy things come out. knows what is going to happen to medicare costs and medicare or anything like that. good luck trying to find a doctor or nurse. they did this in purpose. they bam, smacked you with this. >>
there is a payroll tax of .9% and investment tax 3.8% and excise tax of which there are 159 rules to spell out how that tax applies. can you imagine how this is going to be? this is nightmare. this is so the federal government can hire millions of people to make this legislation possible. it's idiotic. they should break it around started all over. >> eric: and remember when president clinton said that it would not add to the debt and now it's trillion dollars? >> it's amazing people...
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Mar 20, 2013
03/13
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this is just a new tax law. a court ruling that overturned this tax credit in the law, but instead of moving forward now with that new law in place, california state government decides to go back to try to reach the taxes from business owners who had no idea they had this liabilitiy, that is a first problem. the second problem, is this the new trend in state taxes? will we start seeing the cash strapped states pick up on this. and they will weed taxpayers in the fiscal year but from before as well. neil: craig, this is a concern. if others get a cue from this watch out. >> california is a trendsetter. as a small business owner, my other friends who are small business owners we've been hit with 5 to over 100,000-dollars in fourth quarter of last year in retro active tax, that is job, and investment money and a downer on christmas. now a new one that bureaucrats at franchise tax board are making a decision, it is politicians that are out of control, california is worst with highest tax state, the highest sales tax
this is just a new tax law. a court ruling that overturned this tax credit in the law, but instead of moving forward now with that new law in place, california state government decides to go back to try to reach the taxes from business owners who had no idea they had this liabilitiy, that is a first problem. the second problem, is this the new trend in state taxes? will we start seeing the cash strapped states pick up on this. and they will weed taxpayers in the fiscal year but from before as...
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Mar 23, 2013
03/13
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there is a payroll tax of .9%, investment tax of 3.8%, excise tax of 2.3%, 159 rules to spell out how that tax applies. can you imagine how this is going to northbound this is a nightmare. this is so the federal government can hire millions of people to make this legislation possible. it's idiotic. they should break it and start all over. >> 2200 pages turned into 20,000 so far. i remember when president clinton saiddy not have sex with that woman. president obama setd this will not add a single dime to the deficit. >> look, it's going to bring down health care costs. it's amazing people hate so much something that has barely taken effect. most hasn't gone into effect. the american people when asked about the specific provisions in the affordable care act like it. they like tax credits for small businesses to pay for insurance, they like closing the medicare donut hole, they like kids staying on insurance. 80% of people like those and less than 50% know they are in the bill. so stop smearing the bill to tell people what's really in it. >> talk about why this didn't kick in. we had to
there is a payroll tax of .9%, investment tax of 3.8%, excise tax of 2.3%, 159 rules to spell out how that tax applies. can you imagine how this is going to northbound this is a nightmare. this is so the federal government can hire millions of people to make this legislation possible. it's idiotic. they should break it and start all over. >> 2200 pages turned into 20,000 so far. i remember when president clinton saiddy not have sex with that woman. president obama setd this will not add a...
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Mar 18, 2013
03/13
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future tax reforms we're never going to allow tax reform to hide a tax increase. and periodically politicians say i'm for tax reform. well, what they mean is they want to raise taxes. there are two ways to raise the income tax; raise the rates or broaden the pace without bringing the rates down. and the pledge says, hey, no raising the rates. and, two, if you want to get rid of deductions and credits, that's great. but bring the rates down dollar for dollar. that's what ryan does. the ryan plan is perfectly consistent with the pledge. >> host: let's bring in chris now from spring hill, florida,en the republican line. good morning, chris, you're on with grover norquist. >> caller: good morning, thank you. >> guest: hey, chris. >> caller: thank you for c-span. yeah, mr. norquist, i think there's a big problem. see, you know, perception is everything when it comes to marketing, and it's the perception that the democrats are able to get across because the democrats, um, they know their audience. they know who they're pandering to. they know who they're selling to. and
future tax reforms we're never going to allow tax reform to hide a tax increase. and periodically politicians say i'm for tax reform. well, what they mean is they want to raise taxes. there are two ways to raise the income tax; raise the rates or broaden the pace without bringing the rates down. and the pledge says, hey, no raising the rates. and, two, if you want to get rid of deductions and credits, that's great. but bring the rates down dollar for dollar. that's what ryan does. the ryan plan...
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Mar 23, 2013
03/13
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, you are paying this tax. this is just another thing for the little guy who's trying to get by. >> would make a difference if someone shot on amazon? two you you're getting away with something by getting it online. you tax the things you want to discourage. at a time when the economy is struggling? >> i agree 100% with you. there is no creativity at all. >> i like the show even more all the time. [laughter] neil: thank you, guys. thank you very much. in the meantime, what is jimmy fallon getting that has a guy named mitch saying my goodness my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take idea and ke it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalom.com we put the law on your side.
, you are paying this tax. this is just another thing for the little guy who's trying to get by. >> would make a difference if someone shot on amazon? two you you're getting away with something by getting it online. you tax the things you want to discourage. at a time when the economy is struggling? >> i agree 100% with you. there is no creativity at all. >> i like the show even more all the time. [laughter] neil: thank you, guys. thank you very much. in the meantime, what is...
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Mar 25, 2013
03/13
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tax, the lowest business tax of any major economy in the world. we will have achieved in one parliament a long list -- largest reduction in the tax in the histories -- the nation's history and major changes in the british tax system, we will abolish the complex marginal recalculation, and give britain a single rate of corporation tax for the first time since 1973. and as for previous reductions in the tax rate either not intend to pass the benefit on to the banking sector so i will offset this with the bank levy rate to -- for a 0.12%. britain is moving to low and competitive taxes, so we should insist that people pay those taxes and not aggressively avoid them. that is the right way to succeed. under labor we have the best -- the worst of both worlds. the tax revenues fell by billions of pounds as the wealthy paid less. this is the wrong way around. under this government the tax rates are more competitive and the wealthy pay more taxes. this is the right way. this is an inconvenience true for the other side. in every year of the parliament the ri
tax, the lowest business tax of any major economy in the world. we will have achieved in one parliament a long list -- largest reduction in the tax in the histories -- the nation's history and major changes in the british tax system, we will abolish the complex marginal recalculation, and give britain a single rate of corporation tax for the first time since 1973. and as for previous reductions in the tax rate either not intend to pass the benefit on to the banking sector so i will offset this...
SFGTV: San Francisco Government Television
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Mar 18, 2013
03/13
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, so you have parking tax and property tax are the ones, so mta receives 80% of parking tax in lieu, and what that means is that the parking tax comes into the general fund and we give mta general fund money in the same dollar amount, so that amounts to 61 million dollars, similarly with the library, 2.5% of property tax, this is an additional 37 million, open space, 37 million, the children's fund of 44.7 million, the municipal symphony, 2 million, and then the hotel tax as we discussed earlier, 88 million that is then budgeted, 56 million of that is budgeted in the general fund. >> so, the open space fund is getting an additional 37 million this year, yes, this year? >> it is getting 37 million, it is not an additional, each year, it gets the percentage of property tax, 2.5% of property tax, so as property tax grows, the open space fund is lucky enough to grow with our largest growing general fund tax. >> got it. supervisor avalos? >> just a question on that, so we have the open space property tax set aside, 2.5% at 37.3 million, is there anything that protects overall funding with
, so you have parking tax and property tax are the ones, so mta receives 80% of parking tax in lieu, and what that means is that the parking tax comes into the general fund and we give mta general fund money in the same dollar amount, so that amounts to 61 million dollars, similarly with the library, 2.5% of property tax, this is an additional 37 million, open space, 37 million, the children's fund of 44.7 million, the municipal symphony, 2 million, and then the hotel tax as we discussed...
SFGTV: San Francisco Government Television
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Mar 18, 2013
03/13
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which is our largest overall local revenue source, though business taxes and our hotel and sales taxes are as growing over that time period. this slide highlights for you wla the projected growth rates are in the plan, so you can see, you know, stronger growth rates in the early first two years and more moderate projections in the subsequent years. on the expenditure side, our -- the city's expenditures are projected to increase by 1.1 billion dollars over the five year period, that's about 25% growth, and the largest share of that is our salary and fringe benefit costs which are growing we're projecting 460 million dollars, there are a number of citywide cost increase that is are assumed in this plan, things like fully funding our capital plan, our it plan and equipment costs, the plan also assumes that we fully fund inflation on grants as well as other non-personnel services, so that's all the contracts, grants, and other types of expenditures that are not staff costs. >> supervisor breed? >> yes, can you please explain what you mean by fully fund capital plan? >> happy to answer tha
which is our largest overall local revenue source, though business taxes and our hotel and sales taxes are as growing over that time period. this slide highlights for you wla the projected growth rates are in the plan, so you can see, you know, stronger growth rates in the early first two years and more moderate projections in the subsequent years. on the expenditure side, our -- the city's expenditures are projected to increase by 1.1 billion dollars over the five year period, that's about 25%...
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Mar 21, 2013
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premiums because the tax increases in obamacare were taxes on medical device companies, taxes on your health insurance plan, taxes on pharmaceuticals, all of which are being passed on in the form of higher costs to average working americans. so we have got a crisis in this country that affect the middle-class families, people who are out there every single day just trying to do their best to make their budget balance and do the important things to plan for the future of their children and grandchildren, and here we are in washington, d.c., debating yet more policies that are going to hurt the economy, that are going to -- that are going to crush job creation in this country and lower take-home pay for those very middle-class american families. and so this is the wrong approach, mr. president. i hope that as we debate this we'll have an opportunity to vote on amendments. perhaps there is a way in which we could make this better. i doubt that to be the case. this budget is so far off in terms of where we need to be going as a country, if we're serious about getting the economy growing a
premiums because the tax increases in obamacare were taxes on medical device companies, taxes on your health insurance plan, taxes on pharmaceuticals, all of which are being passed on in the form of higher costs to average working americans. so we have got a crisis in this country that affect the middle-class families, people who are out there every single day just trying to do their best to make their budget balance and do the important things to plan for the future of their children and...
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Mar 21, 2013
03/13
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and it raises taxes. now we'll submit a document for the record that we think shows we've got $1.5 trillion in tax increases in this bill, but whether it is $1.5 trillion or $1 trillion, the deal is spending goes up. and there's virtually no alteration in the debt course of america over the next ten years. so why is it that it's a spending problem? let me explain. it actually came to me more clearly during a hearing recently where mr. elmendorf, who is the director of c.b.o., the congressiona congressional e and a very smart man and a decent individual -- and so we were talking about the growth in spending in taxes and the tax increases have just owe cud and that sort of thing. and this is the story: if you're -- if you -- if your tax -- if you raise -- i asked him this: if we raise enough taxes to balance the budget today and if the economy is growing at 2% and -- would the taxes grow at about 2% a year? and he said, yes. they worked hard to figure out what kind of tax reform growth it is, but taxes basi
and it raises taxes. now we'll submit a document for the record that we think shows we've got $1.5 trillion in tax increases in this bill, but whether it is $1.5 trillion or $1 trillion, the deal is spending goes up. and there's virtually no alteration in the debt course of america over the next ten years. so why is it that it's a spending problem? let me explain. it actually came to me more clearly during a hearing recently where mr. elmendorf, who is the director of c.b.o., the congressiona...
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on money had already been taxes tax on and fourteen percent thirty five percent already been taxed and he's already said his secretary was paid with money that had never been taxed before i think i think his secretaries pay what the profits corporation and that corporation got their money from or that corporation to get that money from investment you're absolutely right from somebody else who had been double taxing people and we got no way that it went to the central issue either you are you trying to tell me that i did it but it's of the central issue of which is that if we did it i'm paying somebody that if i've paid taxes on that money they shouldn't have to pay taxes that really try to tell me no not and not at all then why are you making the argument that romney should only pay fourteen percent income tax because somebody else paid taxes on that money because his income has already been taxed there's no need to tell him i is homes are already being taxed and i believe this isn't rational and candy bars and i say you can't tax that if you want to look at the central issue of minimu
on money had already been taxes tax on and fourteen percent thirty five percent already been taxed and he's already said his secretary was paid with money that had never been taxed before i think i think his secretaries pay what the profits corporation and that corporation got their money from or that corporation to get that money from investment you're absolutely right from somebody else who had been double taxing people and we got no way that it went to the central issue either you are you...
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Mar 19, 2013
03/13
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you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits, other bigger nations see how it goes, and markets world over fear all far it goes, which could explain why so many markets were tajing oing tankins thing. joe perry. and -- joe, what do you think? >> i think it is jjst as you said, this has been going on, for a while. and the bigger government gets, the more intrusive it gets it has been in your pockets, my pockets, my banks pockets by depositors pockets, large and small. what is happening now, like a story we use in banking called boiling a frog, you want to boil a frog, if you put him in boiling water he will jump out and complaint, this is what is hap
you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits,...
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Mar 19, 2013
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series, tax pain. we'll be right back. [ male announcer ] how can power conmption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections oa complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. cheryl: we're coming up on 15 past the hour. stocks every 15 minutes. we have fox business team coverage for you. bill flynn is standing by the trading pits. sandra is at the daily wizard and charles payne showing us h
series, tax pain. we'll be right back. [ male announcer ] how can power conmption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections oa complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses...
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Mar 19, 2013
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they achieve that balance by not raising taxes, while not raising taxes. i think that's very important, too. we certainly aren't undertaxed in this country. my friends on the other side clearly believe that we are. they are going to offer multiple tax increases in all their budgets. i like the budget that does not require tax increases. finally, both these budgets, the republican study committee budget and the republican budget, come to grips with the reality that we have to -- reform entitlements. we have our own way of doing that, but there could be others. unfortunately our friends on the other side are largely silent about that important choice. as my friend, mr. woodall, mentioned in his remarks, the ryan budget, is hardly a radical budget. it's going to increase spending every single year over a 10-year wind heo by about 3.5%. the main democratic alternative is about 5%. can't we live at 3.5% and have a balanced budget in 10 years as opposed to go to five with higher taxes and not balance the budget within that 10-year window? again i'm proud of my d
they achieve that balance by not raising taxes, while not raising taxes. i think that's very important, too. we certainly aren't undertaxed in this country. my friends on the other side clearly believe that we are. they are going to offer multiple tax increases in all their budgets. i like the budget that does not require tax increases. finally, both these budgets, the republican study committee budget and the republican budget, come to grips with the reality that we have to -- reform...
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Mar 23, 2013
03/13
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during some of the highest tax periods. in the 1960's, we ha 70% top tax bracket. we had a booming economy. look. the rich have plenty of money that can help us out in this situation. to invest in this country's future. >> bill: i don't know if that's freedom, mr. callahan. we appreciate you coming on. in next on the run down, lou dobbs will reply to what you just heard and why americans are not eating out in restaurants as much. two criminal cases, philadelphia doctor charged with executing babies. executing them. and jodi areas on trial for murder in arizona. we're coming right back. >> bill: lou's the boss segment tonight. let's get to lou dobbs. this disturbs me he very much. i think the viewers understand i'm spending a lot of time on this. this is seizure. this is the federal government seizing wages, property, and let me just tell you something. my mother lives out in left town in the same house i grew up in, all right? >> great. >> bill: she has been in that house now for 60 years? okay. if i didn't pay her property tax, they would seize her house. she coul
during some of the highest tax periods. in the 1960's, we ha 70% top tax bracket. we had a booming economy. look. the rich have plenty of money that can help us out in this situation. to invest in this country's future. >> bill: i don't know if that's freedom, mr. callahan. we appreciate you coming on. in next on the run down, lou dobbs will reply to what you just heard and why americans are not eating out in restaurants as much. two criminal cases, philadelphia doctor charged with...
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Mar 20, 2013
03/13
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under this government the tax rates are more competitive and the wealthy pay more tax. that's the right way around. here is an inconvenient truth for the other side. in every year of this parliament, the rich will pay a greater proportion of income tax revenue than any one of the thirty years of the last labour government. and during those years, too many people were allowed to get away with aggressive tax avoidance of abuse, they bogsed they were paying less tax and the member opposite applauded them for it. we stopped that. that's what i call fair. today i'm unveiling one of the largest ever package of avoidance measures presented in a budget, details set out including agreemented with isle to bring in over a billion pounds of unpaid taxes. new rules to stop abuse of corporate tax, and offshore employment. that's another 2 billion pounds. this year we're giving britain the first ever generally abuse rule and we will name and shame promoters of tax avoidance scheme. my message to make a living telling others to avoid the taxes, this government is not going let you get
under this government the tax rates are more competitive and the wealthy pay more tax. that's the right way around. here is an inconvenient truth for the other side. in every year of this parliament, the rich will pay a greater proportion of income tax revenue than any one of the thirty years of the last labour government. and during those years, too many people were allowed to get away with aggressive tax avoidance of abuse, they bogsed they were paying less tax and the member opposite...
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Mar 21, 2013
03/13
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room tax. we call it the accommodations tax, but, potentially, the numbers are twice as big. the on line travel companies have wanted the trial court on that issue, but both the state and the online travel companies are going to be appealing the trial court's decision so we don't know how either of the outcomes will look, but right now, at least, there's a $230 million bill that's about to be sent to the on line travel company. tracy: like amazon story where they couldn't -- no one could call their main office, so to speak,,home, so no one knew where to charge tax. they come down on amazon too. it's no surprise they are coming county on this, are we? >> it's no surprise at all, and especially in this situation. you got an industry that didn't really exist when the taxing statutes were enacted, and so the taxing statutes have terms like travel agency, and that doesn't really fit and hotel operators doesn't fit so you got a taxing statute that has not really kept up with the development of techno
room tax. we call it the accommodations tax, but, potentially, the numbers are twice as big. the on line travel companies have wanted the trial court on that issue, but both the state and the online travel companies are going to be appealing the trial court's decision so we don't know how either of the outcomes will look, but right now, at least, there's a $230 million bill that's about to be sent to the on line travel company. tracy: like amazon story where they couldn't -- no one could call...
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Mar 19, 2013
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and taxes. it will structure our system for economic growth. we will stop hemorrhaging jobs overseas and bring american jobs back to these shores. it's one thing if we lose jobs because of low wages overseas. we don't ever want to compete in that arena. it's another if we lose jobs because our government is inefficient, bloated and expensive. and finally, it protects our most vulnerable. it protects our young people. you know, i agree with then senator obama when he said it was immoral to continue to incur these massive debts. of course, when he said it, since he said it, our debt is multiples of what he was decrying at that time. we are piling mountains and mountains of debt on our children and our grandchildren to fuel our addiction to spending and it's got to stop and it's got to stop now. i'm proud to stand for this republican budget and i urge its passage. i give back the rest of my time. the chair: the gentleman yields back the balance of his time. the gentleman from maryland. mr. van holl
and taxes. it will structure our system for economic growth. we will stop hemorrhaging jobs overseas and bring american jobs back to these shores. it's one thing if we lose jobs because of low wages overseas. we don't ever want to compete in that arena. it's another if we lose jobs because our government is inefficient, bloated and expensive. and finally, it protects our most vulnerable. it protects our young people. you know, i agree with then senator obama when he said it was immoral to...
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Mar 23, 2013
03/13
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they are raising tax rates and shrinking tax bases. if the government is picking winners and losers, jimmy fallon in hollywood are winners in this case. >> okay. josh, thank you for coming on the show. >> thank you. melissa: next, chicago will shut down dozens of schools topose a 1 million-dollar deficit. we will explain coming up next. and this season ticket holder on the other side of the legal brawl is here. piles of mney coming up this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur melissa: it is friday afternoon. that doesn't mn that you can't think about how to make money on monday. keeping a close eye on the u.s. treasury bonds. investors are squawking to them for their second straight week on yields. investors are racing to the safe haven of things. almost any conversation about
they are raising tax rates and shrinking tax bases. if the government is picking winners and losers, jimmy fallon in hollywood are winners in this case. >> okay. josh, thank you for coming on the show. >> thank you. melissa: next, chicago will shut down dozens of schools topose a 1 million-dollar deficit. we will explain coming up next. and this season ticket holder on the other side of the legal brawl is here. piles of mney coming up this is america. we don't let frequent heartburn...
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Mar 18, 2013
03/13
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tax reforms we would never allow tax reform to hide a tax increase. periodically politics and -- this a tax reform the what they mean is they want to raise taxes. two ways to raise income taxes, raise the rate or broaden the base to bring the rates down. the pledge says no raising the rates and, two, if you want to get rid of deductions and credits, that is great but bring the rates down dollar for dollar. paul ryanhat does. host: chris on the republican line. you are on what grover norquist. caller: thank you for c-span. norquist, i think there is a big problem. perception is everything when it comes to marketing and it is the perception that the democrats are able to get across. because the democrats, they know their audience, they know who they are pandering to, they know who they are selling to. and they treat them like stupid children. and it works. i will give you an example. you remember when the bush tax tom- first came out and shall and dick gephardt -- tom daschle and dick kept part, the minority leaders, did not have anything, but yet they
tax reforms we would never allow tax reform to hide a tax increase. periodically politics and -- this a tax reform the what they mean is they want to raise taxes. two ways to raise income taxes, raise the rate or broaden the base to bring the rates down. the pledge says no raising the rates and, two, if you want to get rid of deductions and credits, that is great but bring the rates down dollar for dollar. paul ryanhat does. host: chris on the republican line. you are on what grover norquist....
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Mar 20, 2013
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not the taxes. no corporate or individual income taxes and a franchise tax that tops out at 1%. the great state of texas is definitely attractive. >> building a business is tough, but i hear building a business in california is next to impossible. see why you should come to texas. cheryl: joining me now is former aide to texas governor, craig casselberry. if the governor's message, is it being effective in texas? >> you know, i think it is. we know our formula here has been for many years. i have been around a long time in this state. i think companies, their employees, families, they like that message. it is working. that is why we lead the company and job creation for the last few years. cheryl: many california companies have left the state of california and got down to texas because the costs of doing business is so much lower. you have that corporate tax, you know, that nugget that really brings people in. if you look at the debt station in each state, california does not control its debt. what is texas doing that california needs to do? >> we have a balanced budget amendmen
not the taxes. no corporate or individual income taxes and a franchise tax that tops out at 1%. the great state of texas is definitely attractive. >> building a business is tough, but i hear building a business in california is next to impossible. see why you should come to texas. cheryl: joining me now is former aide to texas governor, craig casselberry. if the governor's message, is it being effective in texas? >> you know, i think it is. we know our formula here has been for many...
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Mar 23, 2013
03/13
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but lot of state offer tax inaccepttive to intyce business to the state and i'm for lower taxes. then i broke down the numbers. new york state is offering tax credit, not simply tax deductions. estimated at or near 24 a year. i can say the taxpayers of new york would not only not collect any taxes from the "tonight show" they will toll out steps of millions in subsidiaries to nbc. we ask, was nbc, fallon and the crew of rich fat cats need that money? >> bob: are you asking me that question? >> eric: yes. >> bob: sorry. let me -- >> eric: here is the crux of the question. >> bob: i got it. i got it. >> eric: give them free money. >> eric: i don't understand that the states that entice people to production like michigan, is it that they lose money? or don't make money? this is what happens. we give you $24 million but the economic activity that you bring when you come to the city, make up for it that way. >> dana: i think this screams need for tax reform. this is so warped that for cuomo can't get his arms around the fracking issue. issuing the time regulations or whatever law they
but lot of state offer tax inaccepttive to intyce business to the state and i'm for lower taxes. then i broke down the numbers. new york state is offering tax credit, not simply tax deductions. estimated at or near 24 a year. i can say the taxpayers of new york would not only not collect any taxes from the "tonight show" they will toll out steps of millions in subsidiaries to nbc. we ask, was nbc, fallon and the crew of rich fat cats need that money? >> bob: are you asking me...
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Mar 23, 2013
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during some of the highest tax periods. in the 1960's, we ha 70% top tax bracket. we had a booming economy. look. the rich have plenty of money that can help us out in this situation. to invest in this country's future. >> bill: i don't know if that's freedom, mr. callahan. we appreciate you coming on. in next on the run down, lou dobbs will reply to what you just heard and why americans are not eating out in restaurants as much. two criminal cases, philadelphia doctor charged with executing babies. executing them. and jodi areas on trial for murder in arizona. we're coming right back. hçhçxnm michael, tell us why you used to book this fabulous hotel? well you can see if the hotel is pet friendly before you book it, and i got a great deal without bidding. and where's your furry friend? oh, i don't have a cat. now you can save up to 50% during priceline's spring hotel sale use promo code spring for additional savings on all express deals, including pet friendly hotels. express deals. priceline savings without the bidding. omnipotent of opportunity. you know how to
during some of the highest tax periods. in the 1960's, we ha 70% top tax bracket. we had a booming economy. look. the rich have plenty of money that can help us out in this situation. to invest in this country's future. >> bill: i don't know if that's freedom, mr. callahan. we appreciate you coming on. in next on the run down, lou dobbs will reply to what you just heard and why americans are not eating out in restaurants as much. two criminal cases, philadelphia doctor charged with...
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Mar 22, 2013
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a tax on the economy is a tax on the economy. it's a weak argument that you can just have an unlimited amount of money by taxing the rich. and at some point it becomes un-- not correct, not fair, not right. if the money is being thrown away on solyndras, and battery companies that go bankrupt, but nobody worries about it, send more money. we're having abuses in the snap program, and i proposed an amendment that would eliminate an abusive part of the food stamp program a year ago. in 2001 we spent $20 billion a year on snap. last year we spent $80 billion. it's gone from $20 billion to $80 billion, four times. and so we identified a categorical eligibility gimmick that was allowing people to get food stamps who did not qualify and should not have received them. and i said, let's close that loophole. and over ten years we were projected to spend $00 billion-d $800 billion on the food stamp program. this would have reduced it by $11 billion. so we would have been spending $789 billion instead of $800 billion. you know what they said
a tax on the economy is a tax on the economy. it's a weak argument that you can just have an unlimited amount of money by taxing the rich. and at some point it becomes un-- not correct, not fair, not right. if the money is being thrown away on solyndras, and battery companies that go bankrupt, but nobody worries about it, send more money. we're having abuses in the snap program, and i proposed an amendment that would eliminate an abusive part of the food stamp program a year ago. in 2001 we...
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Mar 25, 2013
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tax. we have canceled fuel duty increase after fuel duty increase, and we are legislating -- and i can also tell him where not going to carry on with a proposal made by the previous energy secretary which was about 179 pounds on everybody's bill. we decided to scrap that. >> ed miliband. [shouting] >> trento want to ask the primers about the situation in cyprus. can the prime minister update the house what is being done to protect the british nationals including our armed forces who have deposits in cyprus banks? >> the leader of the opposition raises and externally important issue, and a very sensitive and difficult time for the republic of cyprus. first of all on the issue of anyone who is in cyprus because they've been sent there by the british government in the armed forces, m.o.d., or the foreign office, we've guaranteed that they won't anyway lose out in terms of their earnings or their savings. that is the first thing to say. we've also sure that money will be available which is why
tax. we have canceled fuel duty increase after fuel duty increase, and we are legislating -- and i can also tell him where not going to carry on with a proposal made by the previous energy secretary which was about 179 pounds on everybody's bill. we decided to scrap that. >> ed miliband. [shouting] >> trento want to ask the primers about the situation in cyprus. can the prime minister update the house what is being done to protect the british nationals including our armed forces who...
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Mar 23, 2013
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during some of the highest tax periods. in the 1960's, we ha 70% top tax bracket. we had a booming economy. look. the rich have plenty of money that can help us out in this situation. to invest in this country's future. >> bill: i don't know if that's freedom, mr. callahan. we appreciate you coming on. in next on the run down, lou dobbs will reply to what you just heard and why americans are not eating out in restaurants as much. two criminal cases, philadelphia doctor charged with executing babies. executing them. and jodi areas on trial for murder in arizona. we're coming right back. both tylenol and bayer advanced aspirin are proven to be effective pain relievers. tylenol works by blocking pain signals to your brain. bayer advanced aspirin blocks pain at the site. try the power of bayer advanced aspirin. to get her oven baked taste straight from the microwave. like her oven roasted chicken baked in a rich, creamy alfredo sauce. she calls them her new comfort bakes. marie callender's. it's time to savor. she calls them her new comfort bakes. google's backyard for
during some of the highest tax periods. in the 1960's, we ha 70% top tax bracket. we had a booming economy. look. the rich have plenty of money that can help us out in this situation. to invest in this country's future. >> bill: i don't know if that's freedom, mr. callahan. we appreciate you coming on. in next on the run down, lou dobbs will reply to what you just heard and why americans are not eating out in restaurants as much. two criminal cases, philadelphia doctor charged with...
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Mar 21, 2013
03/13
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on all subjects that we do taxes on. including corporations and personal returns. >> the calls you've been receiving tonight who are you hearing from? big questions? >> big questions, most common one is do i need to file? a lot of people are disabled or receiving benefits. we have money coming in do we need to file a tax return? >> that is a great question. glad you're theer answer it for them. our staff is here tonight until 8:00 so give us a call. we're taking questions in spanish, canton ease, mand rin and english so give us a kault. -- call. >> great stuff. thank you very much. >> sandhya patel st standing by with some important information. >> finding rain around here on the first day of spring. >> yef. i'm just going to tell you know that the drizzle here and there is not just done. the forecast is not taxing. a lot of cloud cover around. you can see it's here. radar along with national weather service radar still watching spotty drizzle around santa cruz coastlines here and it's winding down. here is a view. we're
on all subjects that we do taxes on. including corporations and personal returns. >> the calls you've been receiving tonight who are you hearing from? big questions? >> big questions, most common one is do i need to file? a lot of people are disabled or receiving benefits. we have money coming in do we need to file a tax return? >> that is a great question. glad you're theer answer it for them. our staff is here tonight until 8:00 so give us a call. we're taking questions in...
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Mar 23, 2013
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, you are paying this tax. this is just another thing for the little guy who's trying to get by. >> would make a difference if someone shot on amazon? two you you're getting away with something by getting it online. you tax the things you want to discourage. at a time when the economy is struggling? >> i agree 100% with you. there is no creativity at all. >> i like the show even more all the time. [laughter] neil: thank you, guys. thank you very much. in the meantime, what is jimmy fallon getting that has a guy named mitch saying my goodness the husqvarna all-wheel-drive mower is here. engineered with a unique drive system and dual transmission. all-wheel traction. all-wheel power. all done. only from husqvarna. challenge the impossible. all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. got you ! you cannot escape the rebel forces ! ahhh. got you ! got ya ! gotcha ! got ya. that's all you got, brother ? take that. never hav
, you are paying this tax. this is just another thing for the little guy who's trying to get by. >> would make a difference if someone shot on amazon? two you you're getting away with something by getting it online. you tax the things you want to discourage. at a time when the economy is struggling? >> i agree 100% with you. there is no creativity at all. >> i like the show even more all the time. [laughter] neil: thank you, guys. thank you very much. in the meantime, what is...
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Mar 20, 2013
03/13
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it's a plan for tax reform. it's a plan to open up our energy stores that we have here so we can be energy independent. we have vast amounts of energy reserves we need to tap so we can put people to work, bring down gas prices, stretch paychecks further. we've got to control our spending appetite. we've got to reform programs like medicare so they're solvent. we've got to reform our safety net so it works to get people on their feet. that's what this budget does. in a nutshell, instead of spending $46 trillion over the next 10 years, as we're currently poised to spend, we spend $41 trillion. instead of growing spending 5% a year we grow at 3.4% a year. with all the predictions of doom and gloom and how evil and terrible and horrible or budget is, it increases spending every year by 3.4% a year instead of 5% a year. the difference is we balance the budget. the difference is we let families keep more of their own take-home pay. the difference is we make sure our kids inherit a debt-free future. the difference is w
it's a plan for tax reform. it's a plan to open up our energy stores that we have here so we can be energy independent. we have vast amounts of energy reserves we need to tap so we can put people to work, bring down gas prices, stretch paychecks further. we've got to control our spending appetite. we've got to reform programs like medicare so they're solvent. we've got to reform our safety net so it works to get people on their feet. that's what this budget does. in a nutshell, instead of...
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Mar 25, 2013
03/13
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tax at all. it's progress on the side of people who work hard and want to get on. >> what is the prime minister planning to spend his millionaire's tax on? [cheering and applause] >> honorable lady, when the top rate of tax put up, millionaires paid 7 million pounds less. that's incompetent and inefficient sei she left -- to support. >> the question is asked, when the prime minister is giving -- [inaudible] dr. julian lewis. give him the sas nighting gail had the qirks quashed following the quashing of his military prison sentence last year, does the prime minister agree with me that it would be totally against the public interest and against the sas regimen for him to have to face a fresh trial when others are benefiting from it rightly introduced by the state of defense as a result of the . >> my honorable friend raise answer important point. let me say how strongly i support those of the service. you get a opportunity meet them as prime minister. they are some of the bravest and finest people
tax at all. it's progress on the side of people who work hard and want to get on. >> what is the prime minister planning to spend his millionaire's tax on? [cheering and applause] >> honorable lady, when the top rate of tax put up, millionaires paid 7 million pounds less. that's incompetent and inefficient sei she left -- to support. >> the question is asked, when the prime minister is giving -- [inaudible] dr. julian lewis. give him the sas nighting gail had the qirks quashed...
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Mar 20, 2013
03/13
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tax at all. it's progress on the side of people who work hard and want to get on. >> what is the prime minister planning to spend his millionaire's tax on? [cheering and applause] >> honorable lady, when the top rate of tax put up, millionaires paid 7 million pounds less. that's incompetent and inefficient sei she left -- to support. >> the question is asked, when the prime minister is giving -- [inaudible] dr. julian lewis. give him the sas nighting gail had the qirks quashed following the quashing of his military prison sentence last year, does the prime minister agree with me that it would be totally against the public interest and against the sas regimen for him to have to face a fresh trial when others are benefiting from it rightly introduced by the state of defense as a result of the . >> my honorable friend raise answer important point. let me say how strongly i support those of the service. you get a opportunity meet them as prime minister. they are some of the bravest and finest people
tax at all. it's progress on the side of people who work hard and want to get on. >> what is the prime minister planning to spend his millionaire's tax on? [cheering and applause] >> honorable lady, when the top rate of tax put up, millionaires paid 7 million pounds less. that's incompetent and inefficient sei she left -- to support. >> the question is asked, when the prime minister is giving -- [inaudible] dr. julian lewis. give him the sas nighting gail had the qirks quashed...